New York investment bank Blackstone Group and British insurance broker Jardine Lloyd Thompson are taking on a joint venture to form a U.S.-based risk consultancy called Capital Risk Group.
JLT will own 80 percent of the new venture. The remainder will be held by a fund managed and invested by Blackstone. JLT Risk Solutions chief Steve McGill will head the new venture.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Allianz’s PIMCO, L&G Sued in Scrap Over €1.2 Billion Brussels Tower 
Safepoint Exec Pay, Slide’s Stock Sell-Offs Getting Attention in Florida 
Viewpoint: ‘Big Tobacco’ Moment for Cannabis – What to Know About Murray v. Cresco 
WTW Sues Former Yacht Team, Howden US Over Defection 
